Central Insurance Introduces Industry-Leading Employee Benefits Package and Expands Paid Leave Offerings

Central Insurance Introduces Industry-Leading Employee Benefits Package and Expands Paid Leave Offerings
Central Insurance Introduces Industry-Leading Employee Benefits Package and Expands Paid Leave Offerings

The Ohio-based property and casualty transportation company expanded its paid time off policies to align with the company’s relationship approach.

Featured image for Central de Seguros

Featured image for Central de Seguros

VAN WERT, Ohio, June 23, 2022 (GLOBE NEWSWIRE) – Central Insurance, a leading property and casualty insurance company, last week announced a new company-wide benefits package aimed at creating a better employee experience. one of a kind that reflects the company’s commitment to relationships. Leveraging benchmarking data from the technology industry, known for pioneering forward-thinking flexible time off policies, the competitive package is designed to maximize flexibility, better support its more than 700 employees and their families, and foster a culture that prioritizes caring for its people. . The expanded policy went into effect on June 13, 2022.

“At Central Insurance, we invest in our people and treat each of our employees like owners. When we heard from our team that paid leave was an area for improvement, we took action,” said Evan Purmort, CEO and President. “The insurance industry is rapidly evolving and our benefits package needed to reflect a workplace built for the future. That’s why we developed our policy to be better than 75% of what the top tech companies currently offer. This announcement marks a crucial step forward not only for our company, but for the industry as a whole. “

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The revamped benefits package includes the following:

  • Additional paid time off: Each new employee will receive 20 vacation days at the beginning of their hire date. Additionally, employees with 10-24 years of service will receive 25 days and those with more than 25 years of service will receive 30 days.

  • Extended paid parental leave: To fully support growing families, Central Insurance is significantly expanding its paternity leave policy. Both parents will receive 100% paid leave for births, adoptions, and placement of a child in foster care for 12 weeks.

  • Increase in bereavement leave: In unfortunate circumstances like death, Central de Seguros wants to be a true partner and make sure employees take care of themselves by taking the time to grieve. Employees will now receive eight weeks of 100% paid leave for the death of a spouse or child.

  • Additional paid leave for caregivers: To further support employees and their families, Central Insurance is increasing caregiver leave from zero to eight weeks at 100% pay to care for a family member with a serious health condition.

  • Paid sick days: Since minor illnesses for employees and their children are unpredictable, Central Insurance employees will receive 10 new sick days per year.

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The 146-year-old organization recently named Jena Wierwille as vice president of human resources, with the goal of executing the organization’s revitalized vision for a modern, scalable human resources structure.

“The ability to deliver cutting-edge, forward-thinking employee benefits in our industry is a top priority. Our employees should never have to choose between their jobs and taking care of themselves and their families,” said Wierwille. “We believe this is the right move for Central Insurance and its people, and directly aligns with our vision for the future of the organization.”

In addition to the recently added paid leave, the company continues to provide a competitive and comprehensive benefits package designed to meet changing needs and help build financial security for the future.

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For more information, visit www.central-insurance.com.

About Central Insurance
Central Mutual Insurance Company was founded in Van Wert, Ohio, in 1876, and has since grown into Central Insurance, a property and casualty insurance company providing premium coverage to hundreds of thousands of individuals and businesses across the country. Central remains headquartered in Van Wert and operates regional offices in Boston, Atlanta and Dallas, with satellite offices in Columbus and Salt Lake City. Central Insurance has combined assets of more than $2 billion. Central’s AM Best rating is A (Excellent). For more information, visit central-insurance.com.

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Central Insurance